Ming Wang (center), CEO and chairman of Hailiang Education Group, rings the closing bell at the Nasdaq Stock Market in New York on Thursday. Earlier this week, the company had its initial public offering on Nasdaq, where it raised $20 million with the sale of 2.858 million American depositary shares. The stock opened at $7 on Tuesday, hitting a high of $10 before closing at $9, up 28.6 percent. Shares closed at $11.50 on Thursday, up 64.3 percent since the IPO. Founded in 1995, Hailang is the third-largest provider of private K-12 educational services in China, serving more than 17,000 pupils at three schools in and around Zhejiang province. PROVIDED TO CHINA DAILY.